MLS 101 Quiz MLS 101 Quiz Please take this quiz after you’ve finished Part 2 your New Member Orientation: MLS 101. First Name As Shown on your TREC License *Last Name *Suffix (i.e. Jr. Sr. III)TREC License Number *Email Address *What does MLS stand for? Multiple Leasing System Multiple Leasing Service Multiple Listing Syndication Multiple Listing ServiceWhat are the two key elements MLS is based on? Cooperation & Commission Cooperation & Compensation Compensation & Consideration Cooperation & ConsiderationCommission rates are set by the MLSYesNoWhat policy allows a REALTOR® to obtain multiple MLS? Board of PreferenceBoard of ChoicePrimary MembershipPrimary Preference Which site helps REALTORS® bring MLSs into once place?NARCTXMLSRPRWCREALTORSWhat are the three types of offenses in CTXMLS? Minor, Major, Substantial Serious, Major, Egregious Minor, Serious, Substantial Minor, Serious, EgregiousWhat type of fine would sharing CTXMLS login information fall under? Minor SeriousSubstantialEgregiousHow long from the initial fine does a subscriber have to cure the violation w/out receiving a fine?• *$1,000.00 fine 48 hours72 hours10 days14 daysSend Message
